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Turn-Key Triplex Investment Opportunity

407 CASTELLO Avenue Hatboro, PA 19040

Claim this Listing
For Sale
Under Contract
$800,000

MULTI_FAMILY - Other - HATBORO, PA

Property size:
3,789 SF
Lot size:
0.24 Acres
Price / SF:
$211/SF
Added:
May 22, 2026
Days on Market:
51
Last Refresh:
Jul 11 at 6:06 am

Property Features for 407 CASTELLO Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
6
Parking features
Driveway, On Street
Standard status
Active Under Contract
Size
3,789 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Annual Amount
10495

Utilities

Heating system
Central
Cooling system
Central Air, Ductless

Building Details

Year built
1938
Number of units
3
Building materials
Masonry
Architectural style
Other

Listing agent Emily Ann Bartolillo License #RS354497

Listing office RE/MAX Centre Realtors 2701 York Road, Jamison, PA

Listing date May 22, 2026

MLS# PAMC2178910 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained and income-producing triplex presents a turn-key investment opportunity. The property features a new roof, new private storage areas, dedicated laundry for each unit, and ample parking. Two of the three units are currently occupied, while the vacant unit has been fully renovated and is move-in ready. The property offers flexibility and value for investors seeking strong rental potential or owner-occupants looking to offset expenses with rental income. Unit C, located on the main level, features 3 bedrooms and 1 full bath, offering a spacious layout with the feel of a single-family home, including a front porch and enclosed sunroom, a large family room and dining room, and an eat-in kitchen. It also has dedicated basement storage and a private laundry room. Unit B, on the second level, includes 2 bedrooms and 1 full bath and has been completely renovated with new windows, fresh paint, brand new luxury vinyl plank flooring, a brand-new full bathroom, and new appliances. It also has dedicated basement storage and a private laundry room. Unit A, also on the second level, features 2 bedrooms and 1 full bath and has been completely renovated with brand new windows, brand new luxury vinyl plank flooring, a brand new full bath, and new appliances. The converted attic space is used as a second bedroom and walk-in closet. It also has dedicated basement storage and a private laundry room. Additional features include driveway and street parking and a private yard area. The property is located in a desirable neighborhood. The lot size is 0.2416 acres and the property size is 3789 square feet.

Key Highlights

  • Well‑maintained 1938 masonry triplex with central heating and cooling plus ductless cooling
  • Unit B (2nd level) fully renovated: brand new windows, fresh paint, luxury vinyl plank flooring, new full bath, and new appliances
  • Unit A (2nd level) fully renovated: brand new windows, luxury vinyl plank flooring, new full bath, new appliances; converted attic as 2nd bedroom and walk‑in closet

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $84.1k $22.20
− Vacancy −$5.5k −$1.44
EGI $78.6k $20.76
− OpEx −$23.6k −$6.23
NOI $55.1k $14.53
3,789 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$786.5K
$688.2K – $917.6K (±1% cap)
NOI $55,054 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$731.3K
$639.9K – $853.2K (±1% cap)
NOI $51,191 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M (±1% cap)
NOI $152,563 @ 7.0% cap · market cap 19.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage Spa & Massage Center Storage Facility Garden Center Cafe & Coffee Shop Hair Salon Daycare Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained triplex with strong rental potential in a desirable neighborhood.
Where is this triplex located?
The property is located at 407 CASTELLO Avenue Hatboro, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Well‑maintained 1938 masonry triplex with central heating and cooling plus ductless cooling; Unit B (2nd level) fully renovated: brand new windows, fresh paint, luxury vinyl plank flooring, new full bath, and new appliances; Unit A (2nd level) fully renovated: brand new windows, luxury vinyl plank flooring, new full bath, new appliances; converted attic as 2nd bedroom and walk‑in closet
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